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RLC (iExec RLC) has been the most interesting small-cap move on my watchlist this week. It is now trading around $0.72, while the 24-hour high touched $0.79 and the low held $0.3704 — meaning the token pumped nearly 100% in a single day, taking the 7-day total gain to roughly 109%. With a market cap of only about $63 million, this kind of move feels sharp and explosive.

Why did it rise so fast? My read points toward a short squeeze. Open interest surged over 1,175% in 24 hours and funding has been running negative, both signs of heavy short positioning. Once price broke out of its old $0.39 range and pushed higher, shorts were forced to cover and that fuel fed the squeeze. Before this, RLC had been quietly ranging between $0.35 and $0.39 for a week, which is why the breakout felt so sudden.

The real question is how high it can go. The trend is still intact — the daily MACD has printed a golden cross and ADX is elevated, which shows strong momentum. But the daily RSI has climbed near 90, deep into overbought territory, and price is trading well above its upper Bollinger band. That raises the risk of a short-term pullback, and blind chasing at this level is not part of my strategy.

My plan is simple. If price breaks above the $0.79 high and holds $0.80 on volume, the next target zone opens up around $0.85 to $1.00. If $0.70 breaks instead, the first support sits near $0.55, followed by the old breakout zone at $0.39 to $0.40. For momentum traders there are two clean setups — either wait for a confirmed break of $0.79, or look for a dip-buy near the $0.55 to $0.60 area. Both are better than entering blindly at $0.72.

Risk management is everything here. Low-cap pumps like this have thin liquidity, and what goes up fast can come back down just as quickly. Keep position sizes small, always set a stop loss, and lock in profits as they build. This is my technical read, not financial advice — do your own research and only risk what you can afford to lose.#OneGateWitnessProgram